Avidian Wealth Enterprises LLC Decreases Position in iShares U.S. Energy ETF $IYE

Avidian Wealth Enterprises LLC trimmed its position in shares of iShares U.S. Energy ETF (NYSEARCA:IYE) by 17.9% during the second quarter, Holdings Channel reports. The firm owned 45,547 shares of the company’s stock after selling 9,918 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares U.S. Energy ETF were worth $2,060,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of IYE. Wealth Enhancement Advisory Services LLC boosted its position in iShares U.S. Energy ETF by 12.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 22,664 shares of the company’s stock worth $1,117,000 after purchasing an additional 2,531 shares in the last quarter. Golden State Wealth Management LLC boosted its position in iShares U.S. Energy ETF by 103.6% during the first quarter. Golden State Wealth Management LLC now owns 5,323 shares of the company’s stock worth $263,000 after purchasing an additional 2,708 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of iShares U.S. Energy ETF by 2.5% in the first quarter. Sunbelt Securities Inc. now owns 40,242 shares of the company’s stock worth $1,984,000 after acquiring an additional 974 shares during the last quarter. Wealthstar Advisors LLC raised its holdings in shares of iShares U.S. Energy ETF by 11.8% in the first quarter. Wealthstar Advisors LLC now owns 41,893 shares of the company’s stock worth $2,065,000 after acquiring an additional 4,405 shares during the last quarter. Finally, Saxon Interests Inc. acquired a new position in shares of iShares U.S. Energy ETF in the first quarter worth $236,000. 52.46% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Energy ETF Stock Up 1.0%

NYSEARCA IYE opened at $46.19 on Tuesday. iShares U.S. Energy ETF has a fifty-two week low of $39.35 and a fifty-two week high of $51.61. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 15.53 and a beta of 1.37. The business has a fifty day moving average of $46.87 and a 200-day moving average of $45.43.

iShares U.S. Energy ETF Company Profile

iShares U.S. Energy ETF (the Fund), formerly iShares Dow Jones U.S. Energy Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Oil & Gas Index (the Index). The Index measures the performance of the oil and gas sector of the United States equity market, and includes companies in industry groups, such as oil and gas producers, and oil equipment, services and distribution.